Yeah, that makes sense. The game definitely has little railroads to follow leading up to the Divine Beast. I would still give more significance to the Shrines in the end since there are just so many of them across the map, many having their own 'Shrine Quests' as well.
This is how the game calculates the completion rating:
Divine Beast: 0.08% each * 4 = 0.32%
Shrines: 0.08% each * 120 = 9.60%
Named Locations: 0.08% or 0.09% * 226 = 18.08%
Korok Seeds: 0.08% * 900 = 72%
I get that Nintendo wanted to make it clear how getting 100% is far from necessary with...